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ellie425 ellie425
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2 years ago
Municipal bonds can be either general obligation bonds or revenue bonds. Of these two types of municipal bonds, ONLY general obligation bonds

▸ are specifically serviced by the income generated from particular projects.

▸ are backed by the full faith and credit of the issuer.

▸ repay the principal only if a sufficient level of revenue is generated.

▸ have the principal and interest guaranteed by a third party.
Textbook 
Fundamentals of Investing

Fundamentals of Investing


Edition: 14th
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JulzMarieJulzMarie
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2 years ago
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